Abstract
In this work, we articulate the case for values of insurance liabilities being company dependent. In the process, we identify main factors determining market values of such liabilities, analyze them from the perspective of dependence on the company issuing them, and follow this with a suggested regulatory approach allowing for company independent valuation. Such regulatory approach is in conceptual agreement with the emerging risk-based capital paradigm.
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© 1998 Springer Science+Business Media Dordrecht
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Ostaszewski, K.M. (1998). Is Paul v. Virginia dead?. In: Vanderhoof, I.T., Altman, E.I. (eds) The Fair Value of Insurance Liabilities. The New York University Salomon Center Series on Financial Markets and Institutions, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-6732-2_11
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DOI: https://doi.org/10.1007/978-1-4757-6732-2_11
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5178-6
Online ISBN: 978-1-4757-6732-2
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